Spyke
Maevereply
kbin.earth

The first US sale of Venezuelan oil since the Trump administration illegally attacked the South American country earlier this month went to the company of a trader who donated millions to President Donald Trump’s 2024 campaign. The roughly $250 million sale of Venezuelan crude went to Vitol, a Geneva-based energy and commodity trading firm whose US arm is headquartered in Houston. The Financial Times reported late last week that John Addison, a senior trader at Vitol, was involved in his company’s efforts to secure the deal. Addison, who attended a recent White House meeting with other top oil executives, donated $6 million total to Trump’s 2024 presidential campaign via several super PACs, including $5 million to MAGA Inc.

11
DJKJuicy
sh.itjust.works

To my surprise this is actually illegal for members of Congress per the STOCK Act of 2012:

https://en.wikipedia.org/wiki/STOCK_Act

I was going to reply that this is totally legal but decided to fact check myself.

They all do it. There's no other way to earn millions and millions of dollars making $174k a year...

27
anon_8675309reply
lemmy.world

There’s no way to make millions and millions from stock purchases on $174k in any short period of time. They’re using other funds.

6
ceenote
lemmy.world

I feel like that circle of people will be suspicious of anyone not grifting or insider trading.

21
Seaguy05reply
lemmy.world

As our old friend, Paul Ryan, once said... This is how you know we're all a family here. If they're all corrupt they know they've all got each other's backs.

3
nullreply
lemmy.org

Ya know, I'm not saying China isn't corrupt, but it is nice hearing about corrupt businessmen being sentenced to death every now and then.

2
Th4tGuyII
fedia.io

Trump's administration doing something blatantly corrupt in the open and getting away with it completely.... colour me shocked.

Understand there will be no justice. Even if Trump is kicked out, those with the power to go after him and his cronies simply won't at this point.

9
Lucky_777
lemmy.world

Mark Wayne was worth something like 400k when he got into congress. Now 32 million, probably more now. He makes 174k a year. Definitely insider trading going on.

6
Maeve
kbin.earth

Letterman Fetterman and Heinrich support him.

Eta: rotating villains

4

You reached the end